Turquoise Derivatives Arm Relaunched Under New LSEG Colors
Turquoise's derivatives arm will be known going forward as London Stock Exchange Derivatives Market, and will operate under Regulated Market of a Recognized Investment Exchange (RIE) rules, allowing its customers to clear and arrange margin more efficiently under new European Market Infrastructure Regulation (EMIR). Its equities derivatives offerings will continue to range among UK, Russian, and Norwegian listings, while its cash equities business remains owns in consortium by LSEG and the handful of investment banks that first launched the low-cost MTF platform in 2008.
The newly-renamed venue will also offer a new contract beginning on October 7, the FTSE UK Large Cap Super Liquid Index (FTSE UK SLQ) futures index product, for which it is already receiving support from BNP Paribas and Timber Hill Europe, among other market makers and leading investment banks supplying client access to the product.
“This marks an important step in growing a strong, diverse derivatives business in the UK," says Nicholas Bertrand, head of equities and derivatives markets at LSEG. "The Super Liquid futures will provide our derivatives customers with an innovative, alternative way to manage risk on the UK equity market."
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Emerging Technologies
Waters Wavelength Ep. 290: Nasdaq’s Valerie Bannert-Thurner
Nasdaq’s EVP and chief revenue officer for the financial technology division joins Nyela on the podcast.
Moral models: The ethics of data management
The IMD Wrap: You may be managing data efficiently, but are you managing it ethically? And is that something you should be concerned about? Yes, says Max, you should.
The Waters Cooler: No Singapore Slings
Market microstructure, a prediction exchange, ETF and T+1 woes—does it get any more exciting than this?
Waters Wavelength Ep. 289: WFIC at Y’all Street
Nyela joins to talk about her time at WFIC this year.
Managing cloud costs comes down to putting controls in place
With cloud usage now pervasive throughout the capital markets, firms are focusing on stemming unintended costs.
Pledging the ledger: At the tipping point of blockchain networks that work together
Interest in distributed ledger technology (DLT) is gaining momentum, sparking lively debates among proponents and detractors. The key question is: which version of DLT is suitable for advancing financial markets—public/permissionless or private/permissioned networks?
The Waters Cooler: What is going on?
Is it weird that Euronext bought Substantive? It’s weird, right? Plus WFIC, tick sizes, Microsoft and BlackRock want more datacenters for some reason, and, of course, AI. What does it all mean?
Waters Wavelength Ep. 288: Media’s changing landscape
Wei-Shen and Tony discuss ways to improve the podcast going forward.